Character Group Plc (CCT.L), a British toys, games, and giftware company, reported Wednesday that its fiscal 2024 profit before tax grew to 5.7 million pounds from last year's 4.7 million pounds, in line with market expectations.
Earnings per share were 25.92 pence, higher than 17.95 pence a year ago.
Adjusted profit before tax was 6.6 million pounds, compared to prior year's 5.2 million pounds. Adjusted earnings per share were 29.72 pence, compared to 20.00 pence last year.
Revenue for the year grew to 123.4 million pounds from 122.6 million pounds a year ago.
Further, the Directors will be recommending a maintained final dividend of 11.0p per share. This, together with the interim dividend, will bring the total dividend for the year to 19.0p per share, same as last year.
Subject to approval by shareholders at the Company's 2025 Annual General Meeting on January 17, the dividend will be paid on January 31 to shareholders on record of January 17.
Further, the Board intends to seek a new authority to buyback up to 2.82 million ordinary shares, representing around 15% of the total voting rights in the Company.
The company added that two of its Non-executive Directors will be retiring and will not be offering for re-election at the forthcoming 2025 AGM.
Looking ahead, Character Group expects sales and adjusted profit before tax for the full year ending August 31, 2025 to remain at prior year levels.
The company said, "... the challenging and unpredictable conditions that persisted throughout much of the last financial year have continued into the current fiscal year. With buffeting from political and macroeconomic developments, consumer confidence remains low, and this has adversely affected footfall in the high street and click-through from online marketplaces in the lead up to the key Christmas 2024 trading period."
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